Insight
Canada's oil sands: doom and gloom in Q1 2018
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Q1 2018 saw a steady climb in oil prices like WTI. However, oil sands operators experienced wider price differentials that negated the increases in global prices. Better market access is needed yet new pipelines continue to hit roadblocks and delays. Those negative sentiments were front and centre during Q1 reporting as multiple CEOs said new project investment will not occur until market access is improved.
Table of contents
- Executive summary
- Benchmark prices and bitumen realisations
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Market access issues in the spotlight
- What's all the fuss with pipelines?
- Turnarounds in Q2 to provide respite while rail counted on for longer term relief
- In situ production
- Mining production
- Operating costs and producer netbacks
- Canada's competitiveness increasingly in doubt
- Other significant events
- Appendix: Project turnarounds
Tables and charts
This report includes the following images and tables:
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Benchmark pricingBenchmark price performanceHistoric WCS prices
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Realised bitumen prices face a wider discount to WTIIn situ projects producing >35 kbdIn situ projects producing <35 kbdMining project productionQuarterly netbacksCenovus Christina Lake netbacks
What's included
This report contains:
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